Governor Presses for Tax Modernization
Frankfort, KY: Governor Ernie Fletcher was joined by a bipartisan group of state lawmakers today to unveil a sweeping plan for stimulating the state’s economy and creating jobs by modernizing the tax system.
The plan, called Jobs and Opportunity Bipartisan Solution for Kentucky (JOBS for Kentucky), is a revenue-neutral approach to tax modernization that reduces marginal tax rates and expands the tax base. It eliminates or reduces income taxes for hard-working Kentuckians, raises cigarette taxes and dramatically overhauls the state’s business tax structure.
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